Pfizer Inc. (NYSE:PFE) was the winner of a $40 million bid by BIND Therapeutics Inc (NASDAQ:BIND). PFE succeeded at a Section 363 auction initiated by the Cambridge, Massachusetts-based biotechnology company which is selling off its assets. Among other two unidentified companies that had joined the auction Pfizer’s bid was selected as the highest and best. […]
Editor
Cenovus Energy Inc (USA)(NYSE:CVE) Combined Oil Sands Production Jumps 9%
Cenovus Energy Inc (USA)(NYSE:CVE) reported that it continued to report reliable and strong operating performance in 2Q2016. The strong operational performance included a 9% surge in combined oil sands production and a decline of 24% in per-barrel oil sands operating expenses versus the same quarter of 2015. Cenovus financial performance in 2Q2016 was negatively impacted […]
Blucora Inc (NASDAQ:BCOR) Repays $20 Million Debt In 2Q2016
Blucora Inc (NASDAQ:BCOR) a provider of technology-supported financial solutions to small businesses, tax professionals and consumer, released financial report for the second quarter closed June 30, 2016. The adjusted EBITDA and operating income surged 36% and 99%, respectively in 2Q2016 against the same period last year. The company repaid debt worth $20 million, bringing the […]
Nordic American Tanker Ltd (NYSE:NAT) Declares Dividend Of $0.25 Per Share
Nordic American Tanker Ltd (NYSE:NAT) board declared a dividend of $0.25 per share to its shareholders. The record date is August 17, 2016 and the dividend payout date is anticipated to be around or on August 31. The highlights Nordic American reported that the recent deliveries of 4 Japanese-developed second hand ships costing $106 million […]
Xerox Corp (NYSE:XRX), Top BPS Provider, Top HR HRaaS Provider Of The Year
Xerox Corp (NYSE:XRX) has once again been named as the top Business Process Services (BPS) provider of the year by research firm Everest Group in its annual BPS Top 50 list. Similarly, the company has also been named as the top Human Resources (HR) Operations-as-a-Service (HRaaS) provider of the year by analyst firm HfS Research […]
Advanced Micro Devices, Inc. (NASDAQ:AMD), To Launch Radeon RX 470, Radeon RX 460 In The Next 2 Weeks
According to latest speculations, Advanced Micro Devices, Inc. (NASDAQ:AMD) will launch the much-awaited Radeon RX 470 and Radeon RX 460 on Thursday and on August 8, respectively. Both graphic cards are already built with the state-of-the-art 14nm Polaris chip architecture. No pricings have been issued yet but it is widely believed that each graphic card […]
Synergy Resources Corp (NYSEMKT:SYRG) 2Q2016 Production Jumps Almost 34% YoY
Synergy Resources Corp (NYSEMKT:SYRG) reported that in 2Q2016 production sales volumes came at 11.1 MBOE/day, showing 34% production growth compared to the comparable period in last year. Capital expenditures for the quarter ended June 30, 2016 came at $36.5 million. In the reported period, the company closed two equity offerings for net proceeds of $454.2 […]
Cameco Corporation (USA)(NYSE:CCJ) Reports Lower Gross Profit From Uranium And NUKEM Divisions
Cameco Corporation (USA)(NYSE:CCJ) released its consolidated financial and operating report for the second quarter closed June 30, 2016. Net losses attributable to stock holders in the reported quarter amounted to $137 million against net earnings of $88 million in the second quarter of FY2015. It can be largely attributed to impairment of company’s Rabbit Lake […]
Huntington Bancshares Incorporated (NASDAQ:HBAN) and Firstmerit Corp (NASDAQ:FMER) Enter Into A Definitive Agreement
Huntington Bancshares Incorporated (NASDAQ:HBAN) is considering acquiring Firstmerit Corp (NASDAQ:FMER) but only if the Board of Governors of the Federal Reserve System approves it. The two have a unique history of having sustained banking needs of local communities, families, and businesses all over the Midwest. Hence their coming together will have such a positive impact […]
Banco Santander, S.A. (ADR) (NYSE:SAN) and UniCredit SpA (BIT:UCG) Call Off Their Merger Talks
Banco Santander, S.A. (ADR) (NYSE:SAN) and UniCredit SpA (BIT:UCG) will not merge their asset management businesses after all. The two have halted negations that have been running for close to 20months. The Italian bank alleges that the Spanish bank failed to meet regulatory requirements within a designated time frame which curtailed the possibility of working […]
